Michael Hudson with Glenn Diesen : Iran War Ignites Global Financial Armageddonon

Prof. Michael Hudson, a world-renowned classical economist, discusses why the war against Iran has changed the global economy permanently.

There is such a wonderful word used within the discussion and I will certainly add it to my vocab. Enshittification = simply, making things worse! A companion for AI Large Language Models that are there only for asking silly questions to. So continuously fed with a process of enshittification, they start to suffer from AI ROT as their databases really rot from the inside. This is where we are.

Also see Michael’s article on Counterpunch: Postponing the World’s Financial Winter, But For How Long?: https://www.counterpunch.org/2026/04/20/postponing-the-worlds-financial-winter-but-for-how-long-irans-mad-standoff-with-the-rest-of-the-world/

Transcript in process and will be posted up soon. If you listen to the video on substack you can see the transcript for now:

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Prof. Michael Hudson, a world-renowned classical economist, discusses why the war against Iran has changed the global economy permanently. Please support Michael Hudson’s important work on: patreon.com/michaelhudson

Postponing the World’s Financial Winter, But For How Long?: https://www.counterpunch.org/2026/04/20/postponing-the-worlds-financial-winter-but-for-how-long-irans-mad-standoff-with-the-rest-of-the-world/

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